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Re: jonnytrade post# 36201

Saturday, 12/19/2020 12:06:51 PM

Saturday, December 19, 2020 12:06:51 PM

Post# of 37919
Silver also looks to be a major beneficiary of the green phenomenom -

Silver Set to Outpace Gold in 2021 : https://www.kitco.com/commentaries/2020-12-18/Silver-set-to-outpace-gold-in-2021.html
Excerpts:
(Kitco News) - Although the gold price hit all-time highs this past summer, silver still has plenty of catching up to do. After temporarily trading at just $12 per ounce during the March panic in the marketplace, silver may look pricey now. But it has far more upside ahead than gold, as bullion likely struck a bottom in late November and is set to continue its rally after completing its recent 15% correction of outsized gains.

With silver at $25 per ounce, the mostly industrial metal has been a clear laggard. It’s estimated that around 60% of silver is utilized in industrial applications, leaving only 40% for investing. Of the 60% used for industrial applications, almost 80% ends up in landfills. This means that the rate of “loss” due to industrial use is much higher than gold’s, making it more susceptible to supply constraints. From over 50 billion troy ounces of silver ever mined, less than 5 billion remains.

Silver soared in the late 1970’s, as rising inflation rates sent retail investors, along with the billionaire Hunt brothers, into the lower-priced metal that went from $5 in 1978 to $49 in 1980. Chances are we will eventually see a similar percentage gain move at the end of the current bull run of this tiny sector, either with or without some billionaire attempting to corner the market.

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